Forecast Of The Day: News Corp’s Digital Real Estate Revenues
What?
News Corp’s (NYSE:NWSA) Digital Real Estate Revenues have risen from around $1.1 billion in FY’20 to about $1.4 billion in FY’21. Trefis expects the metric to rise to over $1.8 billion in FY’22 and to close to $2 billion by FY’23.
Why?
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Growth is likely to be driven by higher online advertising sales on the company’s residential real estate and commercial property sites and new acquisitions.
So What?
We think NWSA stock is undervalued at current levels. We value the stock at about $31, which is about 35% ahead of the current market price.
See Our Complete Analysis For News Corp
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| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| NWSA Return | 2% | 2% | 98% |
| S&P 500 Return | -2% | -7% | 97% |
| Trefis MS Portfolio Return | 1% | -9% | 259% |
[1] Month-to-date and year-to-date as of 2/14/2022
[2] Cumulative total returns since the end of 2016